Kinaesis are Banking experts delivering industry leading, independent, data management, analytics and reporting. Our domain expertise across Risk, Finance, Product Control and Regulatory is extensive having delivered successful engagements for some of the largest banking groups in the world.
Banks are being hit by the perfect regulatory storm, BCBS 239, MIFID, CCAR, Volcker whilst lower margins drive the need for efficiency gains. Data Management is at the forefront of these needs, with BCBS 239 in particular setting out the regulators view of an effective Enterprise Data Management Strategy.
Kinaesis has been engaged time and again by institutions looking for tried and tested expertise in Risk, Finance, Product Control and Regulatory to deliver effective data architecture, data lineage, data governance and data modelling.
Our tools, methodologies and expertise are unique in this sector and result in reduced project risk and time to market for our clients. Our experience includes delivery of an integrated reporting and workflow solution for Finance and Product Control for the Global Markets Division of a global bank.
- Delivery of Risk MI process improvement and BCBS 239 regulatory response for a major universal bank.
- Delivery of an integrated data, reporting and control for the Finance area of a large Swiss banking group.
- Provision of an audit review of a Product Control and Finance Transformation programme for a Global Markets Division of a large UK/Asian Bank.
Our client faced major data challenges in building an integrated data, reporting and control environment for its Finance department. There were many disparate sources of data, all reported on independently with business logic embedded in a multitude of data transfer processes.
There was no centralised definition of data leading to inconsistent reporting and usage across the organisation. Data issues made it impossible to deliver management reporting requirements and to meet regulatory obligations. These challenges resulted in long project lead times and a high cost of change.
A strategic reporting project had been running for two years but was struggling to deliver at anywhere near the required speed and was missing targeted returns on investment. Data quality clean up and lineage projects were unable to keep pace with the rate of change in the environment.
Kinaesis designed an architecture and an operating model that embedded data governance and quality into the operational and change process. Kinaesis helped our client to create a dynamic governed data refinery to act as the single source of truth for all reporting.
The architecture supports strong governance alongside fast modelling and definition of data by business experts. Kinaesis built a meta-data driven data on-boarding capability which is fully integrated into the data governance and change process.
The project resulted in a very significant acceleration in delivery and increase in return on investment. Data was exposed quickly to users. The solution embedded data governance and quality into operational processes and the change cycle preventing data definitions and lineage from becoming out of date and developing trust in the underlying data.
This resulted in a clearly defined and consistent single source of the truth being leveraged by a broad set of users from an early stage. The solution enabled fast on-boarding of new data leading to accelerated expansion of data coverage. The solution significantly increased flexibility to adapt to changing requirements.
The success of this solution for Finance led to the expansion in scope of the programme to cover Risk and Treasury in addition to Finance.